DBS Bank Ltd. Was the Sole Financial Adviser and Issue Manager for the Initial Public Offering of Manulife US Real Estate Investment Trust (The “Offering”)

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, EUROPEAN ECONOMIC AREA, CANADA OR JAPAN

MANULIFE US REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 27 March 2015 under the laws of the Republic of Singapore)

LODGEMENT AND DESPATCH OF OFFER INFORMATION STATEMENT

Unless otherwise defined, all terms and references used herein shall bear the same meaning ascribed to them in the offer information statement dated 27 September 2017 issued in connection with the Rights Issue (the “Offer Information Statement”).

1. Lodgement of the Offer Information Statement

Further to the announcement dated 2 September 2017 by Manulife US Real Estate Management Pte. Ltd., in its capacity as manager of Manulife US Real Estate Investment Trust (“Manulife US REIT” and as manager of Manulife US REIT, the “Manager”), the Manager is pleased to announce that it has today lodged with the Monetary Authority of Singapore (the “MAS”) the Offer Information Statement in relation to the underwritten and renounceable rights issue (the “Rights Issue”) of 299,288,423 new units in Manulife US REIT (“Units”, and the new Units, the “Rights Units”) at an issue price of US$0.695 per Rights Unit to raise gross proceeds of approximately US$208.0 million.

DBS Bank Ltd. was the Sole Financial Adviser and Issue Manager for the initial public offering of Manulife US Real Estate Investment Trust (the “Offering”). DBS Bank Ltd., China International Capital Corporation (Singapore) Pte. Limited, Credit Suisse (Singapore) Limited and Deutsche Bank AG, Singapore Branch were the Joint Bookrunners and Underwriters for the Offering.

2. Despatch of the Offer Information Statement

The Offer Information Statement is available on the website of the MAS at and is expected to be despatched on 2 October 2017 to Eligible Unitholders1 together with the ARE2.

Eligible Unitholders who do not receive the Offer Information Statement and the ARE, may obtain copies from CDP or Boardroom Corporate & Advisory Services Pte. Ltd. (the “Unit Registrar”) at their respective addresses as follows up to 5.00 p.m. on 16 October 2017:

CDP Unit Registrar 11 North Buona Vista Drive Boardroom Corporate & Advisory Services Pte. Ltd. #06-07 The Metropolis 50 Raffles Place Tower 2 #32-01 Singapore Land Tower Singapore 138589 Singapore 048623

3. Acceptances of Rights Entitlements and Applications for Excess Rights Units

For Eligible Unitholders, acceptances of their “nil-paid” provisional allotment of Rights Units under the Rights Issue (the “Rights Entitlements”) and (if applicable) applications for Excess Rights Units3 under the Rights Issue may be made by way of (i) ARE through CDP and/or (ii) Electronic Application4 through an automated teller machine (“ATM”) of a Participating Bank5 in accordance with the terms and conditions of the Offer Information

1 Eligible Unitholders are Unitholders with Units standing to the credit of their Securities Accounts and whose registered addresses with the CDP are in Singapore as at the Rights Issue Books Closure Date or who have, at least three Market Days prior to the Rights Issue Books Closure Date, provided CDP with addresses in Singapore for the service of notices and documents, but exclude, subject to certain exceptions, Unitholders located, resident or with a registered address outside of Singapore. Eligible Unitholders are at liberty to accept in part or in full, decline or otherwise renounce or trade (during the “nil- paid” rights trading period prescribed by the SGX-ST) their Rights Entitlements and are eligible to apply for Excess Rights Units. “Market Day” refers to any day (other than a Saturday, Sunday or gazetted public holiday) on which commercial banks are open for business in Singapore and the SGX-ST is open for trading.

2 “ARE” refers to the application and acceptance form for Rights Units and Excess Rights Units (as defined herein) issued to Eligible Unitholders in respect of their Rights Entitlements under the Rights Issue. 3 “Excess Rights Units” means the Rights Units represented by the provisional allotments (A) of (i) Eligible Unitholders who decline, do not accept, and elect not to renounce or sell their Rights Entitlements under the Rights Issue (during the Rights Entitlement trading period prescribed by the SGX-ST) and/or (ii) Ineligible Unitholders which have not been sold during the Rights Entitlements trading period or (B) that have not been validly taken up by the original allottees, renouncees of the provisional allotments or the purchasers of Rights Entitlements. “Ineligible Unitholders” are Unitholders who are not Eligible Unitholders.

4 “Electronic Application” refers to acceptance of the Rights Entitlements and (if applicable) application for Excess Rights Units made through an ATM of a Participating Bank (each as defined herein) in accordance with the terms and conditions of the Offer Information Statement.

5 “Participating Bank” refers to DBS Bank Ltd. (including POSB), Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited.

Statement.

More information on the procedures for acceptance, payment, renunciation and application for Rights Units and/or Excess Rights Units by Eligible Unitholders may be found in the Offer Information Statement and the ARE.

Eligible Unitholders who have subscribed for or purchased Units under the Supplementary Retirement Scheme (the “SRS”) or through a finance company and/or Depository Agent 1 can only accept their Rights Entitlements and (if applicable) apply for Excess Rights Units by instructing the relevant banks, finance company and/or Depository Agent in which they hold their SRS accounts to do so on their behalf. Any application made directly to CDP or through ATMs will be rejected.

Eligible Unitholders who have subscribed for or purchased Units under the SRS should refer to the Offer Information Statement lodged with the MAS for important details relating to the offer procedure.

4. Trading of Rights Entitlements

The trading period for the Rights Entitlements on Singapore Exchange Securities Trading Limited (the “SGX-ST”) commences from 9.00 a.m. on 2 October 2017 and ends at 5.00 p.m. on 10 October 2017.

Eligible Unitholders who sell their Rights Entitlements on the SGX-ST during this period do not need to forward the ARE to purchasers and/or transferees of the Rights Entitlements traded on the SGX-ST during the Rights Entitlements trading period through the book- entry (scripless) settlement system (“Purchasers”) as arrangements will be made by CDP for separate ARS2 to be issued to the Purchasers.

Purchasers should note that CDP will, on behalf of the Manager, send the ARS accompanied by the Offer Information Statement, BY ORDINARY POST AND AT THE PURCHASERS’ OWN RISK, to their respective Singapore addresses as recorded with CDP. Purchasers who do not receive the ARS form, accompanied by the Offer Information Statement, may obtain the same from CDP or the Unit Registrar at the addresses stated above.

The Offer Information Statement and its accompanying documents will also not be despatched to persons purchasing the Rights Entitlements, whose registered addresses with CDP are outside Singapore (“Foreign Purchasers”). Foreign Purchasers are advised that their participation in the Rights Issue may be restricted or prohibited by the laws of the jurisdiction in which they are located or resident. Foreign Purchasers who wish to accept the Rights Entitlements credited to their Securities Accounts should ensure that they comply with the applicable rules and regulations and subject to compliance with applicable laws and regulations, make the necessary arrangements with their Depository Agents or stockbrokers in Singapore.

1 “Depository Agent” shall have the meaning ascribed to it in Section 81SF of the Securities and Futures Act, Chapter 289 of Singapore.

2 “ARS” refers to the application and acceptance form for Rights Units to be issued to Purchasers.

5. Status of the Rights Units

Manulife US REIT’s current distribution policy is to make distributions to Unitholders on a semi-annual basis. The Rights Units will, upon allotment and issue, rank pari passu in all respects with the existing Units in issue as at the date of issue of the Rights Units, including the right to any distributions accruing for the period from 29 June 2017 to 31 December 2017 as well as all distributions thereafter.

6. Timetable of Key Events

Eligible Unitholders and Purchasers of the Rights Entitlements are requested to note the following important dates and times in respect of the Rights Issue:

Event Date and Time

Rights Issue Books Closure Date 27 September 2017 at 5.00 p.m.

Lodgement of the Offer Information Statement 27 September 2017 with the MAS

Despatch of Offer Information Statement 2 October 2017 (together with the application forms) to Eligible Unitholders

Commencement of trading of Rights 2 October 2017 from 9.00 a.m. Entitlements

Last day of trading of Rights Entitlements 10 October 2017 at 5.00 p.m.

Closing Date: Last date and time for acceptance of the 16 October 2017 at 5.00 p.m.(2) Rights Entitlements and payment for (9.30 p.m. for Electronic Applications (1) Rights Units through ATMs of Participating Banks) Last date and time for application and 16 October 2017 at 5.00 p.m.(2) (1) payment for Excess Rights Units (9.30 p.m. for Electronic Applications through ATMs of Participating Banks)

Last date and time for acceptance of and 16 October 2017 at 5.00 p.m. (3) payment by the renouncee(1)

Expected date of issue of Rights Units 25 October 2017

Expected date for commencement of trading 26 October 2017 of Rights Units on the SGX-ST

Expected date for refund of unsuccessful 2 November 2017 applications (if made through CDP)

Notes: (1) This does not apply to SRS investors and investors who hold Units through a finance company and/or Depository Agent. SRS investors and investors who hold Units through a finance company and/or Depository Agent should see the section entitled “Important Notice to (A) SRS Investors and (B) Investors who hold Units through a Finance Company and/or Depository Agent” of the Offer Information Statement. Any application made by these investors directly through CDP or through ATMs will be rejected. Such investors, where

applicable, will receive notification letter(s) from their respective approved bank, finance company and/or Depository Agent and should refer to such notification letter(s) for details of the last date and time to submit applications to their respective approved bank, finance company and/or Depository Agent. (2) If acceptances of the Rights Entitlements and (if applicable) applications for Excess Rights Units, as the case may be, are made through CDP in accordance with the ARE and the ARS. (3) Eligible Unitholders who wish to renounce their Rights Entitlements in favour of a third party should note that CDP requires at least three Market Days to effect such renunciation. As such, Eligible Unitholders who wish to renounce are advised to do so early to allow sufficient time for the renouncee to accept his Rights Entitlements and make payment for Rights Units.

The Manager may, in consultation with the Joint Lead Managers and Underwriters1 and with the approval of the SGX-ST, modify the above timetable subject to any limitation under any applicable laws. In such an event, the Manager will announce the same via the SGXNET. However, as at the date of this announcement, the Manager does not expect the above timetable to be modified.

BY ORDER OF THE BOARD Jill Smith Chief Executive Officer

Manulife US Real Estate Management Pte. Ltd. (Company registration no. 201503253R) (as manager of Manulife US Real Estate Investment Trust)

27 September 2017

1 “Joint Lead Managers and Underwriters” refer to DBS Bank Ltd. and Deutsche Bank AG, Singapore Branch as the joint lead managers and underwriters for the Rights Issue.

IMPORTANT NOTICE

This announcement is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of Manulife US REIT in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

Any offering of Rights Units will be made in and accompanied by the Offer Information Statement. A potential investor should read the Offer Information Statement before deciding whether to subscribe for Rights Units under the Rights Issue. The Offer Information Statement may be accessed online at the website of the Monetary Authority of Singapore (“MAS”) at when it is lodged with the MAS. The MAS assumes no responsibility for the contents of the Offer Information Statement. The availability of the Offer Information Statement on the MAS website does not imply that the Securities and Futures Act, Chapter 289 of Singapore, or any other legal or regulatory requirements, have been complied with. The MAS has not, in any way, considered the investment merits of Manulife US REIT. This announcement is qualified in its entirety by, and should be read in conjunction with the full text of the Offer Information Statement when it is lodged with the MAS.

The value of units in Manulife US REIT (“Units”) and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by the Manager, DBS Trustee Limited (as trustee of Manulife US REIT) or any of their respective affiliates.

An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Holders of Units (“Unitholders”) have no right to request that the Manager redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (the “SGX-ST”). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of Manulife US REIT is not necessarily indicative of the future performance of Manulife US REIT.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia) and is not to be distributed or circulated outside Singapore. Any failure to comply with this restriction may constitute a violation of United States securities laws or the laws of other jurisdictions. The nil-paid rights and Rights Units referred to herein have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. No public offering of the securities is being made in the United States.